The Breakout - Day 4
A day of consolidation ?
The Nifty Futures traded sideways today indicating consolidation.
Nifty Futures - Daily Chart
The Updated Momentum Signal Spreadsheet
The updated spreadsheet showing the Momentum Signal as on the close of 4th, March, 2010 is given below.
The Momentum Signal has returned the maximum value of +100 for the fourth consecutive day.
Projected Momentum Signal Close Values
The projected levels of closing values required for momentum shift / neutrality / continuation as on the close of trading as on 5th, March 2010 are given in the table below. The table also include the projected closing values of BSE Sensex required for momentum shift / neutrality / continuation.
You can click on the table to enlarge.
The closing values required for a neutral momentum or the reversal of the momentum signal are far away from latest closing values.
Cheers and Prosperous Investing and Trading!!!
You can use the free online Position Limit Calculator from here.
You can also checkout the five year history of The Momentum Signal Spreadsheet from here.
You can also checkout the five year history of The Momentum Signal Spreadsheet from here.
Disclaimer: No research, information or content contained herein or in the accompanied spreadsheet shall be construed as advice and is offered for information purposes only. We shall not be responsible and disclaim any liability for any loss, liability, damage (whether direct or consequential) or expense of any nature whatsoever which may be suffered by the user or any third party as a result of or which may be attributable, directly or indirectly, to the use of or reliance on any information or service provided. All files/information is provided 'as is' with no warranty or guarantee as to its reliability or accuracy.
2 comments:
nice analysis!!
Thank you.
...(I'd be pleased if you exchange reciprocal link with me.)
Thank you forex-cat
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